Probably not. But you will NOT know the correct answer until you fill out your 1040 federal income and state income tax return correctly down to the last lines where it says taxes owed or tax refund amounts.
how is interest calculated on back taxes
That depends on the tax rate you pay taxes at. Charitable donations reduce your taxible income. If you donate $100 and your tax rate is 28% then you will get $28 dollars of your $100 donation back if you receive a refund or if you owe, you will have to pay $28 less on your federal return. There may also be special benefits at the state level for contributing to specific causes. For example, in Michigan you can give up to $400 each to a community foundation, homeless shelter, or college in Michigan and receive 50% of it back as a tax credit plus the benefit you would have received on your federal taxes.
Yes, as they did in 2009 and they will in 2011 until Michigan pays back the loans to the Federal government.For more info try www.michigan.gov and search under FUTA.
No The employer may not deduct taxes from your paycheck if you are under 18 unless you give them permission to do so, If they have done this to you make sure to talk to someone about it your entitled to get that money back.
There are many sites which one can visit to obtain tips to settle back taxes. Tax Matters Solutions and Back Taxes Help both offer helpful advice one can use to help with their back taxes. Some include paying taxes owed in installments or trying an offer of compromise with the IRS.
Property that is confiscated for the non payment of taxes usually gets sold at auction. Check your local paper to find out when your town holds their auctions.
how is interest calculated on back taxes
YES
You won't get money back in taxes, you will get to subtract your medical expenses from your taxes. This will lower the amount of taxes you pay.
The best source of information on back tax can be found on the government websites under tax return or tax filing. A good accountant may also help you find accurate information and options on paying back taxes.
That depends on the tax rate you pay taxes at. Charitable donations reduce your taxible income. If you donate $100 and your tax rate is 28% then you will get $28 dollars of your $100 donation back if you receive a refund or if you owe, you will have to pay $28 less on your federal return. There may also be special benefits at the state level for contributing to specific causes. For example, in Michigan you can give up to $400 each to a community foundation, homeless shelter, or college in Michigan and receive 50% of it back as a tax credit plus the benefit you would have received on your federal taxes.
This can be handled by child support enforcement. Contact them and open a claim file.
I Want To Go Back To Michigan was created in 1914.
Yes, as they did in 2009 and they will in 2011 until Michigan pays back the loans to the Federal government.For more info try www.michigan.gov and search under FUTA.
For major financial problems such as back taxes you should contact a chartered accountant with experience in dealing with back taxes. Their experience will ensure that you get your back taxes resolved with the least amount of trouble.
It is like 12K of any income to you....basically you will pay at YOUR average rate, whatever that is.
You will be escorted back to Michigan.